IAMGOLD declares semi-annual dividend of $0.125 per common share

Monday, December 10, 2012

IAMGOLD declares semi-annual dividend of $0.125 per common share08:57 EST Monday, December 10, 2012
All amounts are expressed in US dollars, unless otherwise indicated.
TSX: IMG NYSE: IAG
TORONTO, Dec. 10, 2012 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") today declared a semi-annual dividend
payment in the amount of $0.125 per common share that will be paid on
January 7, 2013, to shareholders of record as of the close of trading
on December 21 2012. This represents more than a 2% dividend yield
based on the average closing value of the Company's common shares over
the last 20 days.
IAMGOLD's President and CEO, Steve Letwin said, "We currently have over
$2 billion of liquidity from which to fund our dividend. Maintaining
our current level of dividend payout reflects our strong balance sheet
and our continued confidence in the long-term value of our core mining
assets."
For purposes of subsection 89(14) of the Income Tax Act, the Company
designates all dividends payable on January 7, 2013 to be eligible
dividends.
Forward Looking Statement
This news release contains forward-looking statements. All statements,
other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or
may occur in the future (including, without limitation, statements
regarding expected, estimated or planned gold and niobium production,
cash costs, margin expansion, capital expenditures and exploration
expenditures and statements regarding the estimation of mineral
resources, exploration results, potential mineralization, potential
mineral resources and mineral reserves) are forward-looking statements.
Forward-looking statements are generally identifiable by use of the
words "may", "will", "should", "continue", "expect", "anticipate",
"outlook", "guidance", "estimate", "believe", "intend", "plan" or
"project" or the negative of these words or other variations on these
words or comparable terminology. Forward-looking statements are subject
to a number of risks and uncertainties, many of which are beyond the
Company's ability to control or predict, that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results or
events to differ materially from current expectations include, among
other things, without limitation: changes in the global prices for
gold, niobium, copper, silver or certain other commodities (such as
diesel, aluminum and electricity); changes in U.S. dollar and other
currency exchange rates, interest rates or gold lease rates; risks
arising from holding derivative instruments; the level of liquidity and
capital resources; access to capital markets, financing and interest
rates; mining tax regimes; ability to successfully integrate acquired
assets; legislative, political or economic developments in the
jurisdictions in which the Company carries on business; operating or
technical difficulties in connection with mining or development
activities; laws and regulations governing the protection of the
environment; employee relations; availability and increasing costs
associated with mining inputs and labour; the speculative nature of
exploration and development, including the risks of diminishing
quantities or grades of reserves; adverse changes in the Company's
credit rating; contests over title to properties, particularly title to
undeveloped properties; and the risks involved in the exploration,
development and mining business. With respect to development projects,
IAMGOLD's ability to sustain or increase its present levels of gold
production is dependent in part on the success of its projects. Risks
and unknowns inherent in all projects include the inaccuracy of
estimated reserves and resources, metallurgical recoveries, capital and
operating costs of such projects, and the future prices for the
relevant minerals. Development projects have no operating history upon
which to base estimates of future cash flows. The capital expenditures
and time required to develop new mines or other projects are
considerable, and changes in costs or construction schedules can affect
project economics. Actual costs and economic returns may differ
materially from IAMGOLD's estimates or IAMGOLD could fail to obtain the
governmental approvals necessary for the operation of a project; in
either case, the project may not proceed, either on its original timing
or at all.
About IAMGOLD
IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one
million ounces annually from five gold mines (including current joint
ventures) on three continents. In the Canadian province of Québec, the
Company also operates Niobec Inc., which produces more than 4.5 million
kilograms of niobium annually, and owns a rare earth element resource
close to its niobium mine. IAMGOLD is uniquely positioned with a strong
financial position and extensive management and operational expertise.
To grow from this strong base, IAMGOLD has a pipeline of development
and exploration projects and continues to assess accretive acquisition
opportunities. IAMGOLD's growth plans are strategically focused in
certain regions in Canada, select countries in South America and
Africa.
Please note:
This entire news release may be accessed via fax, e-mail, IAMGOLD's
website at www.iamgold.com and through CNW Group's website at www.newswire.ca. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.
Si vous désirez obtenir la version française de ce communiqué, veuillez
consulter le http://www.iamgold.com/French/Home/default.aspx.
SOURCE IAMGOLD CorporationFor further information: <p> <b>Bob Tait, </b>VP Investor Relations, IAMGOLD Corporation<br/> Tel: (416) 360-4743 Mobile: (647) 403-5520 </p> <p> <b>Laura Young</b>, Director, Investor Relations, IAMGOLD Corporation<br/> Tel: (416) 933-4952 Mobile: (416) 670-3815 </p> <p> Toll-free: 1-888-464-9999 <a href="http://www.iamgold.com">info@iamgold.com</a> </p>

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